Space x elon musk

The world’s largest sovereign wealth fund, Norway’s Norges Bank Investment Management (NBIM), says it backed calls from Tesla shareholders to remove Elon Musk as chairman of the automaker. The $1 trillion fund believes dividing the roles of chief executive and chairman at Tesla will boost corporate governance. NBIM also opposed the re-election of board member Antonio Gracias but threw its support behind the reappointment of James Murdoch and Kimbal Musk as board members, Reuters reports. This isn’t the first time the wealth fund has been against certain aspects of Elon Musk’s grasp on power at Tesla. In March, NBIM voted against Musk’s pay proposal which could see him earn roughly $55 billion if Tesla becomes worth $650 billion and delivers more revenue than Procter & Gamble. Elon Musk has been raising eyebrows recently. NBIM currently owns 1.4 per cent of all Tesla’s globally listed shares and held a 0.48 per cent stake in the company at the end … [Read more...] about $1 Trillion Wealth Fund Opposes Elon Musk’s Role As Chairman

Hello, devout Jalopnik readers. I’m sure by now you’re well aware that Elon Musk, the Tesla/Space X billionaire bro, the big kid with an even bigger wallet, is dating Grimes, the Canadian indie musician/producer/critically acclaimed weirdo, born Claire Elise Boucher. But who are these people? What does it all mean? After all, those are a lot of identity terms! A lot more than just “girlfriend,” you’ll surely note, because Grimes is a complicated and celebrated artist. And one who now might’ve gone and fucked her shit up by dating a very high-profile man who seems systematically at odds with a lot of the grassroots, anarchist-ish, punk-ish things she’s, historically, been viewed as representing—and by wading into Tesla’s labor issues at the same time. Let’s dive in, shall we? Who Is Grimes? Why Is She A Thing? Glad you asked. At some point in 2007, a young woman named Claire Boucher relocated from her hometown of Vancouver to … [Read more...] about Your Guide To Grimes And Elon Musk, The Most Bewildering Space Romance Of Our Time

PRODUCTION of the Tesla Model Y is to start in November 2019, according to latest reports. Elon Musk is reportedly taking bids from suppliers for contracts, the Reuters news agency claims. The Model Y is the unofficial name for the crossover based on the £30,000 Tesla Model 3 that's currently being built. The Y would complete Musk's "S3XY" product plan joining the original Model S saloon and Model X SUV. According to Reuters, production of the Y will start in November next year at Tesla's California plant. Annual production is claimed to be 500,000 in the US - with some also in China. That's some way short of Musk's claims back in February that Tesla would build a million Ys a year. The bold figure seems ambitious given the Model 3 is currently embroiled in production problems. Tesla had planned to make 20,000 a month by December 2017 but just over 2,000 rolled off the line in the last three months of the year. The Model Y is just one of many future project on Musk's radar. more … [Read more...] about Tesla Model Y production ‘to start in November 2019’ as Elon Musk completes ‘S3XY’ line-up

Supported by Business Day By NEAL E. BOUDETTEFEB. 7, 2018 Continue reading the main story Share This Page Continue reading the main story On Tuesday, Elon Musk had a Tesla Roadster launched toward an orbit around the sun. A day later, he and his car company came back to earth.The electric-car maker said Wednesday that it lost more than three-quarters of a billion dollars in the fourth quarter as it scrambled to root out glitches from its manufacturing operations and ramp up production of its highly anticipated Model 3 sedan.In a conference call with analysts, Mr. Musk, the chief executive, acknowledged that Tesla still faced challenges in putting the Model 3 into mass production. “We were in a deeper level of hell than we expected, still a few levels deeper than we would like to be,” he said.The company reported a quarterly net loss of $771 million, more than tripling the loss it reported for the same period a year earlier. Revenue increased 44 percent to $3.3 … [Read more...] about Tesla Model 3, Elon Musk’s Grail, Remains a Costly Pursuit

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: It’s All You, Elon In July of last year, Elon Musk said that Tesla hoped to produce 20,000 Model 3s per month by the year’s end. That number was then slashed to an estimated 2,500 cars per week, and yesterday’s company-wide email stated that the company has just passed a rate of 2,000 Model 3s a week. And it seems that Musk has decided that it’s time to personally step in. The CEO has decided to “take direct control of the producing the vehicles,” according to The Information, which spoke to two unnamed sources. From the story: The move came after Tesla failed to hit its goal of making about 500 Model 3 sedans per day, or 2,500 per week, by the end of March. Mr. Musk appears to have pushed aside the company’s senior vice president of engineering, Doug Field, … [Read more...] about Elon Musk Takes Personal Charge Of Model 3 Production